1901 Glenburnie Rd New Bern, NC 28562-5224
Property profile & analytics
1901 Glenburnie Rd New Bern, NC 28562-5224
- Community centers
- 6,050 SF
- 1.72 lot acres
Property ID
US53-3674816
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Advance Auto Parts / Auto Parts Store
- CARQUEST AUTO PARTS #3964 / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 1901 Glenburnie Rd
- Year built
- 1998
- Lot size
- 1.72 lot acres
- Property size
- 6,050 SF
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 8-208 -053
- APU
- 8208053
Description
This exceptional investment opportunity presents a fee-simple ownership of an 18,000-square-foot, single-story Advance Auto Parts building situated on a 0.9-acre lot in New Bern, North Carolina. The property boasts a strong 6.35% cap rate, generating a substantial net operating income (NOI) of $160,037 annually. The absolute NNN lease with Advance Auto Parts, a publicly traded company (NYSE: AAP), provides a corporate guarantee and extends until June 30, 2034, with six five-year renewal options. Built in 1998, this Class A property enjoys 100% occupancy and benefits from a 10% rent increase every five years. The location is highly visible and accessible, situated on S. Glenburnie Rd (20,000 vehicles per day), with excellent ingress/egress and a dedicated turn lane. The property is surrounded by other major retailers, including Target, Publix, HomeGoods, Five Below, Academy Sports, and Hobby Lobby. The current rent is significantly below market value, presenting a substantial opportunity for future NOI growth through market rent adjustments. The asking price is $2,520,000, translating to $140 per square foot. This is a rare opportunity to acquire a secure, high-performing, and appreciating asset with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,250,000
- ML approach
- $2,355,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,125,000
Market price range: $318k - $2.13M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,095,000
- RESTAURANT
- $2,000,000
- RETAIL STORES
- $1,470,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.0994
- Latitude
- 35.1054
- CBSA code
- 35100
- CBSA name
- NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,917
$644,990
$1,141,900
$1,786,890
-
$644,990
$1,141,900
$1,786,890
